GMR Infra secures competition panel nod for equity investment by Tatas, GIC, others in airports arm

The Competition Commission of India has approved the proposed equity investment from a Tata Group entity and affiliates of GIC and SSG in GMR Airports Limited, a subsidiary of the GMR Infrastructure Limited.

In a regulatory filing, the diversified infrastructure company has informed today about the CCI approval. This will pave way for infusion of ₹8,000 crore into the airport business for 45 per cent stake, estimated to be valued at ₹18,000 crore.

In addition, ₹4,475 crore will come through revenues that get generated over the next five years taking the valuation to about ₹22,475 crore.